New Jersey is unique in that it offers a choice between two sets of requirements for minimum insurance coverage, in the form of a basic policy and a standard policy. New Jersey is also a no-fault state, meaning that all drivers must have personal injury protection (PIP) coverage in their car insurance policy. If you crash into a new luxury car, your insurance will pay the expensive bill for repairs to the luxury car. NJM is the best auto insurance company in New Jersey thanks to its affordable rates, reliable service and excellent coverage.
For more help finding competitive car insurance quotes in New Jersey, try NerdWallet's car insurance comparison tool. While people in their 60s have cheaper car insurance rates than many other age groups on average, prices will start to increase as they age. New Jersey is the seventh most expensive state in the county for car insurance, according to Experian. If DUIs, bad credit, or other factors prevent you from getting car insurance in the voluntary market, you can apply for coverage through the New Jersey Auto Insurance Plan.
New Jersey drivers with a speeding ticket pay about 44% more for insurance than those with a clean record. More than 30 companies sell private passenger car insurance in New Jersey, according to the state Department of Banking and Insurance. Geico is also the cheapest car insurance company for young drivers with an at-fault accident on their driving record. By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than they did in their teens and 20s.
The minimum coverage quotes in New Jersey are based on the state's legal requirements for auto insurance coverage. New Jersey is a no-fault state and requires drivers to have personal injury protection, or PIP, in addition to liability insurance.